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Oct 27, 2012
10/12
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but ali, spending cuts are just part of the fiscal cliff. there are also monster tax increases that will take effect and as the bush tax cuts expire, the amt tax expires, i could go on and on, payroll tax holiday, nonpartisan tax policy center say american households face on average 3500 in higher taxes next year. middle income earners would see an increase of two grand. the wealthiest will pay more than $1,000 a month in taxes next year and yet no indication that either candidate has a plan to avert the fiscal cliff. ali, who has more leverage? the president or congress? it's a big problem. >> it's a very big problem. we have the same frustration. we've been asking these questions for months. i am fascinated it doesn't come up more and i think candy crowley is right, it's not going to come up in the next few days before the election. christine, thanks very much for that. we'll keep trying. that brings me to my next guest, norm onstein at the american enterprise institute and coa author of the book "even worse than it looks." the candidates
but ali, spending cuts are just part of the fiscal cliff. there are also monster tax increases that will take effect and as the bush tax cuts expire, the amt tax expires, i could go on and on, payroll tax holiday, nonpartisan tax policy center say american households face on average 3500 in higher taxes next year. middle income earners would see an increase of two grand. the wealthiest will pay more than $1,000 a month in taxes next year and yet no indication that either candidate has a plan to...
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Nov 12, 2012
11/12
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. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making more than $250,000. was that posturing? is that number about to become $1 million? with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. shares of d.r. horton down 5% despite earnings that actually beat this morning. cautious comments from the ceo about the economic outlook weighs on the shares today. is the long run for home builders nearing an end? we've seen a big move in these stocks this year. what do d.r. horton's results mean for toll brothers. on the technical side, carter worth with oppenheimer and on the fundamental side of the story, nishu with deutsche bank. let me kick th
. >>> president obama vowing to veto any fiscal cliff bill extending tax cuts for people making more than $250,000. was that posturing? is that number about to become $1 million? with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert...
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Dec 12, 2012
12/12
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the revenue and the spending cuts. >> house members are willing to compromise to avert the fiscal cliff. what are the people at home thinking of their actions. we have a pri view for a poll that debuts tonight. part of that is compromising what folks want to see from the lawmakers. >> a lot of americans want to see compromise. according to the poll, 65% want a compromise balanced deal to reduce the deficit. even if they have to reduce the entitlement program like medicare and social security and the republicans on have to support increase in tax rates for the wealthy. of course you were playing a lot of clips from people open to compromise. it does seem to be the broad parameter that want a balanced deal. that's what john boehner and president obama are currently arguing about. par are it's interesting, mark. you and the team noted the confusion, if you want. maybe because of the leadership. the headlines and the ap has the headline fiscal cliffs appear to be stalled and the hill's headline edge towards the deal and deficit reduction negotiations. are both true? >> both are true and you
the revenue and the spending cuts. >> house members are willing to compromise to avert the fiscal cliff. what are the people at home thinking of their actions. we have a pri view for a poll that debuts tonight. part of that is compromising what folks want to see from the lawmakers. >> a lot of americans want to see compromise. according to the poll, 65% want a compromise balanced deal to reduce the deficit. even if they have to reduce the entitlement program like medicare and social...
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Dec 1, 2012
12/12
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go to oralb.com for the latest offers. >>> the fiscal cliff means a lot of things are on the cutting block right now. one involves the most dependable of cuts are mortgages. >> you basically have 270 degrees of pure ocean. >> amazing views, luxury bathrooms and a gourmet kitchen. the owner of this $8 million penthouse in coconut grove, florida is eager to sell it before the end of the year. capital gains taxes will go up for homeowners with a lot of equity in their homes selling now could make a big difference. >> if you're looking at a $10 million sale price and 5 mill$5 million equity in the home, the capital gains is $5 million. in theory, there's a half a million dollar savings for seller and buyer to get the deal done. >> some possible outcomes of the fiscal clif negotiations could have a major impact on you. congress could limit the amount of home mortgage interest homeowners could write off on their taxes. one proposal would cap the deduction at $500,000, half of what it now is. lawmakers also may limit tax breaks for second homes. distressed homeowners also could see major ch
go to oralb.com for the latest offers. >>> the fiscal cliff means a lot of things are on the cutting block right now. one involves the most dependable of cuts are mortgages. >> you basically have 270 degrees of pure ocean. >> amazing views, luxury bathrooms and a gourmet kitchen. the owner of this $8 million penthouse in coconut grove, florida is eager to sell it before the end of the year. capital gains taxes will go up for homeowners with a lot of equity in their homes...
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Dec 7, 2012
12/12
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>> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney lost. >> i guess it's time i explain, the good people, the upcoming fiscal cliff. >> the economy is the car and rich sman a driver. don't give the driver many. they will drive you over a cliff. just common sense. >> eric: not exactly. the only way to save the republic is for us to let the president go off the fiscal cliff. taxes will go up. but mandatory spending cuts get enacted. that seems to be the only way dems will cut a dime. let's save the place for the kids. do you agree? >> greg: i do. >> bob: i think you're crazy. >> greg: funny that bob and i agree
>> eric: yes, the dreaded fiscal cliff. tax hike, spending cut and sequestion ration, whatever they are. belly flop the economy at once. comfortabling the know that d.c. is on top of it all. alex simpson, former senator and the guy that everyone thinks is a lifeguard at the fiscal pool. ♪ ♪ >> eric: okay, beckel is gangnam style. good to know we're in good hands but get serious, folks. >> any word from karl rove? >> despite what we're telling you, it's over. romney...
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Nov 7, 2012
11/12
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but sequestration, the official word for the fiscal cliff cuts, hasn't been a campaign issue. >> they tried to play sequestration and blame it on each other, and i don't think it had any traction whatsoever. most people don't know what it is and they blame both parties for it. >> reporter: voters here are more concerned about everyday economics. >> mainly, i want chae in t economy, like better prices on gas and food. i want to make sure my job is secure. >> i'm looking at my grandkids as far as college and what the future is going to hold for employment for them and even if they can. >> followings stocks. when you study them and you realize that the economy is doing better than people admit. reports i read give the honest take versus the political take. what i see is an economy that is on alight trend, and i want to e the trend continue. therefore, i'm going to do something to make sure my vote does not disrupt forward momentum. >> reporter: the deficit is a big issue for virginians. the tea party is strong here, and even virginia democrats tend to be fiscal conservatives. but voters
but sequestration, the official word for the fiscal cliff cuts, hasn't been a campaign issue. >> they tried to play sequestration and blame it on each other, and i don't think it had any traction whatsoever. most people don't know what it is and they blame both parties for it. >> reporter: voters here are more concerned about everyday economics. >> mainly, i want chae in t economy, like better prices on gas and food. i want to make sure my job is secure. >> i'm looking...
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Nov 18, 2012
11/12
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. >> you heard about the fiscal cliff. i don't know if you've heard of that. you know who made that? congress made that. dramatic cuts in spending at the exact same time that all these exact taxes expire, at the same exact moment that the spending goes down in a controlled way. that wasn't an accident. congress chose na. >> rubio is considered a rising star and a gop favorite. talk about the fiscal cliff, the u.s. is a month and a half away from going over this so-called fiscal cliff and negotiations have begun, but voters are skeptical that a deal will be reached before the end of the year. here's political correspondent paul steinhauser. >> good morning. >> i think we're all aware that we have some urgent business to do. >> the president, as he sat down at the white house friday with top congressional leaders from both parties. americans agree. more than 82% say it's extremely important for congress to reach a deal. >> our challenge is to make sure that, you know, we are able to cooperate together. >> and i believe that
. >> you heard about the fiscal cliff. i don't know if you've heard of that. you know who made that? congress made that. dramatic cuts in spending at the exact same time that all these exact taxes expire, at the same exact moment that the spending goes down in a controlled way. that wasn't an accident. congress chose na. >> rubio is considered a rising star and a gop favorite. talk about the fiscal cliff, the u.s. is a month and a half away from going over this so-called fiscal...
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Dec 26, 2012
12/12
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Nov 8, 2012
11/12
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today she and others urged a solution to the so-called fiscal cliff, the automatic federal budget cuts that are set to kick in at the end of the year. >> the largest job loss is california, 220,000 jobs, 130,000 are related to defense. so if there is a hatchet used, california is the state most hurt. >> dianne feinstein said leaders of congress along with the president should look for a compromise to avoid cuts. >>> coming up, the promises republican leaders are making about the next 4 years under a democratic president. >>> police made a second arrest in the vandalism case. he was taken into custody this morning. he is facing charges relating to the destruction of a muni bus at market and third street on october 29. that cost muni a million dollars. police say they are still looking for two more suspects. >>> a jury today convicted a man of shooting and killing his ex-girlfriend and her friend near the richmond-san rafael bridge toll plaza. nathan burris admitted he committed the murders in august of 2009. he killed the toll taker and her friend as he sat in his truck. the penalty pha
today she and others urged a solution to the so-called fiscal cliff, the automatic federal budget cuts that are set to kick in at the end of the year. >> the largest job loss is california, 220,000 jobs, 130,000 are related to defense. so if there is a hatchet used, california is the state most hurt. >> dianne feinstein said leaders of congress along with the president should look for a compromise to avoid cuts. >>> coming up, the promises republican leaders are making...
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Oct 16, 2012
10/12
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we are approaching fiscal cliff. $25,000 study for course entitled should we want to be happy? c'mon. they could have asked me, i would have said yes. >> bob: fiscal cliff will not happen. it will get done. whether romney wins or obama wins, get it done in december. >> brian: with 18 minutes before the top of the hour, greg gutfeld is special correspondent on the ground. on long island in half stra, new york ands -- hofstra, new york and has insight for us when we come back about the third overall debate and second debate. greg, nod if you're happy. i don't want to study you. ♪ ♪ 0t[h7 ♪ ♪ ♪ >> eric: welcome back. in three hours we'll see the second presidential debate. greg gutfeld is at hofstra university in hempstead, long island, town hall style. nif thoughts on the debate? >> greg: kenya. can you believe it's just hours away? i want to point out, i don't know if you can see behind me. there are fellas holding an obama poster. which is the first evidence of obama creating two jobs. they're planning to hold it behind msnbc and they realize they want viewers. >> er
we are approaching fiscal cliff. $25,000 study for course entitled should we want to be happy? c'mon. they could have asked me, i would have said yes. >> bob: fiscal cliff will not happen. it will get done. whether romney wins or obama wins, get it done in december. >> brian: with 18 minutes before the top of the hour, greg gutfeld is special correspondent on the ground. on long island in half stra, new york ands -- hofstra, new york and has insight for us when we come back about...
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Dec 26, 2012
12/12
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if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of christian conservatives believe that if we're going to say happy holiday, perhaps those that think it's any other holiday should support the economy and they're not buying the gifts they used to buy. they do christian efforts locally in churches and talk to families about other things than gifts. >> we always say merry christmas here but stay on this here. if we do go over the fiscal cliff, yes, taxes will go up. molly outlined how much for every income level across the board. >> very hard. >> down the road, isn't it the only way we get our fiscal house back in order? >> that's what i'm hearin
if we're going to cut the size and scope of government perhaps we should go over the fiscal cliff so people will understand government spending is out of control and may start to ask questions being asked at the kitchen tables of every family, why we see christmas sales so low. they're saying how do we make major purchases? people are cutting back in personal lives, they want got to do the same. something else is playing into christmas sales being low. christmas itself is under attack. a lot of...
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Nov 9, 2012
11/12
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right away and cooperate to avoid the fiscal cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john boehner meant this week when he signalled his party is open to creating new revenue. >> boehner's position is exactly where it was a year ago, two years ago, four years ago. don't raise taxes, have pro economic growth and government will get more revenue. >> reporter: boehner also speaks today. >> what we have to watch for is whether the speaker and the president are on entirely different planets. >> reporter: but a fiscal truce won't calm wall street. >> it will create uncertainty going forward until everything is determined in the new congress. >> reporter: thursday the congressional budget office predicted if congress do
right away and cooperate to avoid the fiscal cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john...
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Dec 19, 2012
12/12
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cliff including big spending cuts that happen is to get a deal done. one other interesting note i want to point out is that as we were talking, grover norquist, who is a pretty powerful guy with republicans, he's gotten most of the house republicans to sign a pledge vowing not to raise taxes. he said officially that he does not believe that this vote that the speaker is pushing tomorrow to keep tax rates where they are for people making a million dollars or less is -- would break the pledge. he gave conservatives a pass or cover, which is a big deal because of another subplot has been whether or not the speaker can even get enough of his own party to vote for taxes to go up for people making a million dollars or more. so that's interesting. >> all right. all the back behind the scenes workings as well. dana, thank you. good to see you. >>> long-time gun control add v voe indicates say the time is it to act now. carolyn's husband was killed. she said the elementary school shootings in newtown were a turning point. >> there is always sadness after a mass
cliff including big spending cuts that happen is to get a deal done. one other interesting note i want to point out is that as we were talking, grover norquist, who is a pretty powerful guy with republicans, he's gotten most of the house republicans to sign a pledge vowing not to raise taxes. he said officially that he does not believe that this vote that the speaker is pushing tomorrow to keep tax rates where they are for people making a million dollars or less is -- would break the pledge. he...
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Dec 6, 2012
12/12
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cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool. >> yes. >> and they need to inspect it. >> counter-terrorism measures in the backyard. you never know. good morning, everyone. getting out the door this morning, it's very cold up in new england. tell you what, the lack of snow is really becoming a slightly alarming especially if you have any interest in snowy weather recreation or skiing or ice skating or maybe you like to go snowmobiling. the northern half of the country is sparse. 7% of the country has snow cover. most of that is the high elevations in the rockies and northern rockies. it's about as low as it gets. last yea
cliff and cut the national debt. the 81-year-old simpson went "gangnam style" to make his point. ♪ >> i have a bum knee. horse, horse. ride the horse. >> senator, thank you for that. and that's your morning dish of "scrambled politics." and now for a look at your national weather, let's turn to bill karins. he has your weather channel forecast. >> the best part is the underwater robot for a place that doesn't have water. >> maybe it's a pool....
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Jul 19, 2012
07/12
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cut taxes for rich people. >> greg: fiscal cliff is name of a cool stunt man. >> dana: can i do mine? >> greg: no. >> dana: it those do with economics. >> greg: okay. >> dana: i got a book on saturday sent to me. 4% solution. down by crown business. published. but it comes from the george w. bush institute. the forward is by him, but the rest of it is made up of all the different economists on every different subject you can imagine. i read a couple of chapters today. it's excellent. >> greg: give me the best pa
cut taxes for rich people. >> greg: fiscal cliff is name of a cool stunt man. >> dana: can i do mine? >> greg: no. >> dana: it those do with economics. >> greg: okay. >> dana: i got a book on saturday sent to me. 4% solution. down by crown business. published. but it comes from the george w. bush institute. the forward is by him, but the rest of it is made up of all the different economists on every different subject you can imagine. i read a couple of...
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Jul 9, 2012
07/12
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this push to extend only the middle class cuts picks a fight over the fiscal cliff with all the tax cuts currently set to expire at the end of this year. and clearly aware of the optic, the president made the announcement this afternoon surrounded by workers and families who would benefit directly if those rates were extended. >> i'm not proposing anything radical here. i just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under bill clinton. back when our economy
this push to extend only the middle class cuts picks a fight over the fiscal cliff with all the tax cuts currently set to expire at the end of this year. and clearly aware of the optic, the president made the announcement this afternoon surrounded by workers and families who would benefit directly if those rates were extended. >> i'm not proposing anything radical here. i just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under bill...
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Dec 17, 2012
12/12
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with two weeks left before year end, the looming fiscal cliff, automatic spending cuts and tax increases set to go into effect, january 1 is stoking concern from washington to wall street. my next guest has been a key figure in the debate. grover norquist president of americans for tax reform. it's good to see you again. thank you for joining us. >> good to be with you, maria. >> since 1986, republicans have been sighing your taxpayer protection pledge. as we get closer to the fiscal cliff scenario, will some of the people who signed on to no new taxes have to concede and agree to revenue increases in the form of higher tax rates? >> well, obviously, the president is trying to drive in that direction. the republicans have some leverage as well. two years ago, obama said he didn't want to hurt the economy, so he didn't want to raise rates on anyone. evidently that his job is secure, he's less interested in everybody else's job, so he is interested in raising top rates, capital gains taxes, subchatter "s" corporation taxes. although that's going to be awfully rough on the economy if he pul
with two weeks left before year end, the looming fiscal cliff, automatic spending cuts and tax increases set to go into effect, january 1 is stoking concern from washington to wall street. my next guest has been a key figure in the debate. grover norquist president of americans for tax reform. it's good to see you again. thank you for joining us. >> good to be with you, maria. >> since 1986, republicans have been sighing your taxpayer protection pledge. as we get closer to the...
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Jul 17, 2012
07/12
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democrats say if they don't get it, they'll let the economy go over the so-call fiscal cliff. >> if we can't get a good deal, a balanced deal that calls on the wheealthy to pay their fair share, i will absolutely be talking about it next year. i think the party and the american people will support that. >> my colleague, the great kelly o'donnell, congressional correspondent joins me now. kelly, it seems like that democrats are digging in much like republicans did during the debt limit deal, saying they have the cards here, what are you hearing on the hill and what's going to be their plan. >> good morning, luke, we have our hands full up here, don't we? it seems the big bargaining chip this summer is going to be the so-called fiscal cliff and what happens to tax cuts, you heard patty murray there, she was in charge of trying to keep democrats in control of the senate when the election comes, there is a big fight looming and democrats have seen the idea of middle income tax breaks, the same thing that people are paying now continues into the new year. we're hearing the president say tha
democrats say if they don't get it, they'll let the economy go over the so-call fiscal cliff. >> if we can't get a good deal, a balanced deal that calls on the wheealthy to pay their fair share, i will absolutely be talking about it next year. i think the party and the american people will support that. >> my colleague, the great kelly o'donnell, congressional correspondent joins me now. kelly, it seems like that democrats are digging in much like republicans did during the debt...
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Nov 8, 2012
11/12
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. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill, leaders signalled compromise. >> compromise is not a dirty word. i want to work together but i want everyone to also understand you can't push us around. >> i'm not suggesting we compromise on our principles but i am suggesting that we commit ourselves to creating an atmosphere where we can see common ground, where it exists and seize it. >> reporter: post election, the same president, the same balance of power in congress and the same problems that divided a nation. tracie potts, nbc news, washington. >>> 4:47. wal-mart is trying to entice you to stand out in this cold long black friday lines. plus economic trouble in europe will impact your markets this morning. for more details on that, we turn to jackie deangeles live in cnbc headquarters. >> reporter: good morning. u.s. stock futures trending slightly higher at the moment. this after yesterday's very sharp sell-off following president obama's re-ele
. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill, leaders signalled compromise. >> compromise is not a dirty word. i want to work together but i want everyone to also understand you can't push us around. >> i'm not suggesting we compromise on our principles but i am suggesting that we commit ourselves to creating an atmosphere where...
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Nov 17, 2012
11/12
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CNN
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the former fed chairman speaks to me about the fiscal cliff, the bush tax cuts and why he wouldn't let the u.s. slip into a recession to solve america's long-term debt problems. a rare interswru allen greenspan up next. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this ch
the former fed chairman speaks to me about the fiscal cliff, the bush tax cuts and why he wouldn't let the u.s. slip into a recession to solve america's long-term debt problems. a rare interswru allen greenspan up next. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help...
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Dec 31, 2012
12/12
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WBAL
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the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
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Dec 11, 2012
12/12
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what would you cut out to help avert the fiscal cliff? use the #cut this with your ideas "street signs" or at mandy cnbc. speaking of @mandycnbc, inglewood cliffs, i'm at our nation's capital. good to see you. >> good to see you and everybody. thanks for those that already tweeted in answers. look at this, we found someone really rising above. we say we rise above, others rise above but this is really rising above. her name is nancy. she is wearing as you can see there in her ears a rise above pin. hats off to her, maybe we can take a page out of nancy's book. in the meantime, this is what we've got coming up for you. a really big show on top. hopium in full swing. "street signs" things it can be done, tell you how to of moo your money. signs point to a housing recovery. if a deal does not get done, could housing be the biggest hit of all. herb, he's back and he's ready to deliver his bold prediction on jcpenney. what else? you do not want to miss it. we now know where the last twinkies on earth were delivered. we'll tell you. it's a big
what would you cut out to help avert the fiscal cliff? use the #cut this with your ideas "street signs" or at mandy cnbc. speaking of @mandycnbc, inglewood cliffs, i'm at our nation's capital. good to see you. >> good to see you and everybody. thanks for those that already tweeted in answers. look at this, we found someone really rising above. we say we rise above, others rise above but this is really rising above. her name is nancy. she is wearing as you can see there in her...
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Sep 12, 2012
09/12
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. >> i'm talking about the larger fiscal cliff. >> well, that's the biggest part of the fiscal cliff, that and the bush tax cuts. what we will do is avoid a government shutdown. i'm told the continue resolution will take us through march so we can can come back knowing who the new president is and get to work and have a little time to begin to make the important compromises and deals that needs to be made. >> are you optimistic that a debt downgrade -- another one can be avoided before the end of the year? >> i wouldn't -- i don't know. that's moody's call. first, i'm optimistic that we can avoid a government shutdown and depending on how the elections come, there is a good chance that the lame duck period can be productive. and if not, there will be immense pressure on congress to get something done by that march deadline. and if we have to go over the fiscal cliff, we can roll it back and quickly repair that damage. i think it's important to really hold firm for middle class families against tax increases. we actually passed a bill that -- would have passed it had it not been for th
. >> i'm talking about the larger fiscal cliff. >> well, that's the biggest part of the fiscal cliff, that and the bush tax cuts. what we will do is avoid a government shutdown. i'm told the continue resolution will take us through march so we can can come back knowing who the new president is and get to work and have a little time to begin to make the important compromises and deals that needs to be made. >> are you optimistic that a debt downgrade -- another one can be...
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Aug 12, 2012
08/12
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the only decision congress has been able to come up with is a fiscal cliff. i don't think it is great, but it is a lot better than doing nothing. but extending the tax cuts, that wouldn't help. we have to bite the bullet, take the recession -- if the chairman is right, and the ceo agrees with him. it will be short and shallow, that is a tough price to pay but it has to be done in order to deal with the deficit. somebody has to do it sometime. >> i'm going to tell you, howard, congress i agree with you. but you haven't seen leadership from the president, either. let's face it. there is no conversation at all. coming out of the white house, one year since s&p down graded the rating, that it had for several years. we have actually seen rates come down. what does that tell you? >> well, to be quite honest with you, they did have a deal with the white house, and john boehner backed away from it, because he was from of his right wing. they had a deal, regarding tax increases and the right wing wouldn't do it. this is a congress bent on doing nothing. as you know, t
the only decision congress has been able to come up with is a fiscal cliff. i don't think it is great, but it is a lot better than doing nothing. but extending the tax cuts, that wouldn't help. we have to bite the bullet, take the recession -- if the chairman is right, and the ceo agrees with him. it will be short and shallow, that is a tough price to pay but it has to be done in order to deal with the deficit. somebody has to do it sometime. >> i'm going to tell you, howard, congress i...
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Nov 21, 2012
11/12
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well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about getting our country back on the right track. >> congressman, you're part of a changing demographic. the house democratic caucus is no longer majority white male. women and minorities and people such as yourself now are the majority of this caucus. how's that going to change decisions that are made? >> well, it is historic and i am proud to be among a new, diverse congress that will -- that really reflects all of america. you know, we were elected to be the voice of america and to represent their issues. and, you know, as someone who grew up here in las vegas, my district is very diverse. we have 25% latino, 16% african-american, 7% asian. it's a very diverse district an i'm proud and honored to have the oppor
well, we have got to reach across the aisle and with the fiscal cliff, both sides have to put everything on the table and do what's best for all mitt romneys and that's not just me talking about it. that's what i heard continually from the people in my district and that's a big reason of why we won the race. my way or the highway doesn't work in politics. we have to be serious about getting our country back on the right track. >> congressman, you're part of a changing demographic. the...
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Nov 8, 2012
11/12
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KPIX
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the most pressing issue on his plate is the fiscal cliff-- that toxic mix of steep spending cuts and tax increases set to go into effect at the end of the year. economists have warned that it could plunge the country into another recession but republicans and democrats, scott, have put off negotiating for a solution in earnest for months because they've been awaiting the outcome of this election. >> pelley: nancy, we were talking in the newsroom today about major cabinet changes that are expected. >> reporter: that's right. two of the president's top cabinet secretaries have indicated they would like to step down at the end of this first term, secretary of state hillary clinton and treasury secretary tim geithner. now they won't be likely leaving right away. the president will have to choose successors and they will have to go through senate confirmation hearings so it could be the start of the new year before they debart. >> pelley: nancy, thanks very much. we mentioned a moment ago that florida is undecided. here there. in his victory speech last night, the president said that he h
the most pressing issue on his plate is the fiscal cliff-- that toxic mix of steep spending cuts and tax increases set to go into effect at the end of the year. economists have warned that it could plunge the country into another recession but republicans and democrats, scott, have put off negotiating for a solution in earnest for months because they've been awaiting the outcome of this election. >> pelley: nancy, we were talking in the newsroom today about major cabinet changes that are...
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Nov 7, 2012
11/12
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cliff. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe. so we've got to find a path forward. >> that follows lofty promises, the president made at the celebration about how the best is yet to come. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing the deficit. reforming the tax code. fixing our immigration system. >> republicans say they heard it before. actually, at the last victory party in chicago. >> while the democratic party won a great victory tonight, we do so with a measure of humility. and determination to heal the divide. >> last night, the president also revealed he is planning a dramatic move to jumpstart the effort. >> ahead, i also look forward to sitting down with governor romney to talk about where we can work together to move the country forward. >> except for president elect obama did the same with republican john mccain. >> just going to have a good conversation about how we can do some work together. to
cliff. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe. so we've got to find a path forward. >> that follows lofty promises, the president made at the celebration about how the best is yet to come. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. reducing the deficit. reforming the tax code. fixing our immigration system....
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Dec 6, 2012
12/12
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president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000. they have a little room to leverage but right now they have zero leverage, zero. >> do you agree with that? i don't know if i agree with that. it's hard once the rates go back to 39.6 or whatever they go to, to go back and say, now we to want cut taxes for the rich. what's the reason to do it? the republican party says we have to stop the government, stop paying our debts, don't pay our bills anymore because we have to help out the rich now. that would be the worst situation to be in. >> as the conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is ab
president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000....
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Dec 24, 2012
12/12
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CNBC
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, do you see anything from the fiscal cliff? >> i think the average consumer doesn't understand the fiscal cliff but i think they watch the news and understand something is wrong and people are very worried about it. i think that the way things stand now, if we do go over the cliff, it is going to be most of an impact for lower end consumer. i think the higher end consumer still has an ability to spend. certainly maybe a bit more cognizant of impaktd opinion but their ability to spend on discretionary categories, it is not hammered to the extent it'll cause major pull back in spending and categories of things we cover. maybe they won't buy boats and homes, but i think sweaters and watches will sell good in that category. >> that is certainly a big, big worry but again a worry for lower end consumer. more so than the higher end consumer. if you look at employment trends, high end versus low end, it is a very different story and i think that the lower end consumer is the consumer i'm most worried about if we good over the fiscal c
, do you see anything from the fiscal cliff? >> i think the average consumer doesn't understand the fiscal cliff but i think they watch the news and understand something is wrong and people are very worried about it. i think that the way things stand now, if we do go over the cliff, it is going to be most of an impact for lower end consumer. i think the higher end consumer still has an ability to spend. certainly maybe a bit more cognizant of impaktd opinion but their ability to spend on...
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Dec 28, 2012
12/12
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nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he was able to say look, i was willing to meet them halfway. more than 50%. they don't want to work with us together. he is coming off strong, comin
nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the...
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Oct 28, 2012
10/12
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FBC
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the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertain. it is the concern that we will have higher taxes and taxes on sectors of the economy that have been important in creating growth. governor romney has talked a lot about small business. i think the president has proposed that, but there is an importantoint there, and that is that if you tax the top earners at 39% your hitting small businesses. when you talk about investment, when you talk about capital gains, you talk about dividends, taxation at ordinary income levels, you're talking about significant impediments to growth. that is how you create jobs in this country. we know it works. there is a historical record on the stuff. this is not just
the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertain. it is the concern that we will have higher taxes...
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Nov 20, 2012
11/12
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what kind of impact will the fiscal cliff have on that? >> well, it will have an impact. but interesting enough, consumers seem to be navigating through this as well. they haven't cut back on the hiring. the job market is holding firm. unemployment is still trending lower. so i think christmas it won't be great. i don't see how it can be great, but it will be okay. i think we'll be fine. >> all right, mark zandi, thank you. >> thank you. >>> president obama will join 50 million americans on the road this holiday season, but he's not talking turkey. lame duck is on his menu. we'll explain next in "the spin." eat good fats. avoid bad. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes that
what kind of impact will the fiscal cliff have on that? >> well, it will have an impact. but interesting enough, consumers seem to be navigating through this as well. they haven't cut back on the hiring. the job market is holding firm. unemployment is still trending lower. so i think christmas it won't be great. i don't see how it can be great, but it will be okay. i think we'll be fine. >> all right, mark zandi, thank you. >> thank you. >>> president obama will join...
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Dec 22, 2012
12/12
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CNNW
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what the president has done today is he's laid out a scaled-down version of a fiscal cliff deal. you know, keeping tax cuts in place for 98% of americans, extending unemployment insurance, and laying out a plan, a down payment on a promise to do entitlement reform. and then he also made a pitch to the american people to only blame republicans frls no deal. so it's a two-pronged attack that he makes right before taking off on vacation. so right now, you know, the plan is basically to keep the pressure on. and we know both sides are planning to come back at some point after christmas and try to get something worked out. but no overt optimism coming really from the aides on either side right now. and we'll see, soledad. i'll tell you, folks right now are planning to make new year's eve plans here -- here in washington, d.c. we're not so sure we're getting out of town in the end. >> they should be plans you can be cancel. dan na, jessica says pressure is a great motivator. talk about pressure on speaker boehner, couldn't get enough support from his own party for his plan. what does t
what the president has done today is he's laid out a scaled-down version of a fiscal cliff deal. you know, keeping tax cuts in place for 98% of americans, extending unemployment insurance, and laying out a plan, a down payment on a promise to do entitlement reform. and then he also made a pitch to the american people to only blame republicans frls no deal. so it's a two-pronged attack that he makes right before taking off on vacation. so right now, you know, the plan is basically to keep the...